Bank Of Baku

US warn Armenia against its support of Iran

US warn Armenia against its support of Iran
# 22 August 2012 13:21 (UTC +04:00)
Turkish NTV says.

According to the reports, Armenian and Iraqi banks support Iran’s economy by international financial transfers. Iran-based banking operations in Armenia put this country into the list of suspects. US warned Armenia in 2007 against realizing operations for Iran and accused a number of banks from different countries, including Central Bank of Iraq, of realizing large-scale financial transfers. Current annual trade turnover between Iran and Iraq is $11 billion. Iraq’s another support of Iran is an oil smuggling. Iran breaks oil embargo using Iraq to sell its product.
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